May 8 Home Capital Group Inc, Canada's
biggest non-bank mortgage lender, said the balance in its
high-interest savings accounts (HISA) is expected to slump to
about C$192 million ($140 million) on Monday, down 50 percent
from a week ago.
The company also said it had suspended its dividend and that
it had again tapped its C$2 billion credit line.
Home Capital said it has now withdrawn a total of C$1.4
billion, including a draw down of C$1 billion a week ago.
Home Capital has suffered a crisis of confidence since a
securities regulator alleged earlier this year that the
company's top executives hid mortgage broker fraud from
($1 = C$1.37)
(Reporting by John Benny; Editing by Savio D'Souza)